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Decentralization, social capital and regional convergence

Mauro, Luciano; Pigliaru, Francesco - 2013

By studying the interaction between social capital and decentralization, we show that political decentralization can be a source of divergence across heterogeneous regions. In particular, we claim that since the local endowments of social capital display their effect on the economy mainly...

Persistent link: https://www.econbiz.de/10009757366

How fast are the tourism countries growing? : the cross-country evidence

Brau, Rinaldo; Lanza, Alessandro; Pigliaru, Francesco - 2003

Specializing in tourism is an option available to a number of less developed countries and regions. But is it a good option? To answer this question, we have compared the relative growth performance of 14 tourism countries within a sample of 143 countries, observed during the period 1980-95....

Persistent link: https://www.econbiz.de/10011592920

Public Capital, Sustainable Debt and Endogenous Growth

Greiner, Alfred - 2012

In this paper we analyze an endogenous growth model with public capital and public debt where we posit that the primary surplus of the government is a positive function of cumulated past debt with an exponentially declining weight put on debt further back in time. We consider two scenarios:...

Persistent link: https://www.econbiz.de/10013114337

Public Debt and Public Investment in an Endogenous Growth Model with Real Wage Rigidities

Greiner, Alfred - 2012

In this paper we present an endogenous growth model with public capital, public debt and where real wages are either flexible or rigid due to labor market imperfections. With flexible wages, a balanced budget scenario yields the highest balanced growth rate. Further, simulations suggest that...

Persistent link: https://www.econbiz.de/10012712481

Does it Pay to Have a Balanced Government Budget?

Greiner, Alfred - 2012

This paper presents an endogenous growth model with public capital and public debt. The government finances productive and unproductive public spending through income taxation and through public deficits. In addition, the primary surplus to GDP ratio is set such that it is a positive function of...

Persistent link: https://www.econbiz.de/10014053500

Local government debt and economic growth in China

Wu, Yanrui - In: Journal of Chinese economic and business studies 18 (2020) 3, pp. 229-242

Persistent link: https://www.econbiz.de/10012312370

Technological diffusion, spatial spillovers and regional convergence in Europe

Paci, Raffaele; Pigliaru, Francesco - 2001

convergence of GDP per worker observed across the European regions, in the absence of data on regional TFP. Second, the spatial … regional convergence in Europe. As for the first issue, our aim is to assess whether the convergence observed across European … regions is due to convergence in technology as well as to convergence in capital-labour ratios. We first develop a growth …

Persistent link: https://www.econbiz.de/10011608798

Evolution of carbon dioxide emissions in Chinese cities : trends and transitional dynamics

Cheong, Tsun Se; Wu, Yanrui; Wu, Jianxin - In: Journal of the Asia Pacific economy 21 (2016) 3, pp. 357-377

Persistent link: https://www.econbiz.de/10011546899

Regional disparity, transitional dynamics and convergence in China

Cheong, Tsun Se; Wu, Yanrui - In: Journal of Asian economics 29 (2013), pp. 1-14

Persistent link: https://www.econbiz.de/10010400893

Decentralization and growth : do informal institutions and rule of law matter?

Mauro, Luciano; Pigliaru, Francesco; Carmeci, Gaetano - In: Journal of policy modeling : JPMOD ; a social science … 40 (2018) 5, pp. 873-902

Persistent link: https://www.econbiz.de/10012053542